What is the gross domestic product (GDP) in De Soto Parish, LA?
Refreshed annually
About $2.6 billion in 2024. Gross domestic product (GDP) measures the value of goods and services a country, state, or county produces — it's the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of an economy. The $2.6 billion is the "real GDP," which is adjusted to account for inflation to make it easier to compare the size of an economy over time.
$2.6B
Real GDP (2024)
-10.2%
Change in real GDP (2023 to 2024)
Changes in spending and investment cause the GDP to fluctuate.
As of 2024, real GDP was $2.6 billion in De Soto Parish. This was 10.2% lower than in 2023.
Real GDP decreased from 2023 to reach $2.6 billion in 2024.
Real GDP in De Soto Parish, LA, adjusted for inflation (chained 2017 dollars)
Which industry contributes the most to De Soto Parish's GDP?
The GDP can also be broken down and compared across industries — useful, as different industries experience different economic pressures.
The mining, quarrying, and oil and gas extraction industry contributed the most to the GDP of De Soto Parish in 2024, generating a value of $1.49 billion. It was followed by manufacturing ($346.9M) and government and government enterprises ($124.5M).
The mining, quarrying, and oil and gas extraction industry grew the most, with a 2024 GDP that was 1.6 times the 2014 GDP.
In 2024, the mining, quarrying, and oil and gas extraction industry contributed the most to GDP in De Soto Parish, LA.
Real gross domestic product by industry in De Soto Parish, LA, chained 2017 dollars
What is De Soto Parish's GDP per person?
Another way to understand a population's standard of living is by taking the GDP and dividing it by the total number of people in the population. This figure offers insight into the average economic output per individual. When the GDP per person goes up, it suggests that individuals are becoming wealthier and/or resources are being used more efficiently. This helps economists understand whether economic growth is outpacing population growth.
In 2024, GDP per person was $95,234, down 10.7% from 2023.
In 2024, real GDP was equivalent to $95,200 per person.
Real gross domestic product per person in De Soto Parish, LA, chained 2017 dollars
GDP and the economic experience vary by location due to factors like cost of living, population density, workforce education, and the leading industries in the area.
In 2024, De Soto Parish's real (that is, inflation-adjusted) GDP per person was sixth highest out of Louisiana's 64 parishes. Parishes with a similar standard of living include Red River Parish (fifth) and Iberville Parish (seventh).
In 2024, De Soto Parish, LA was ranked 6 in Louisiana for GDP per person.
Real gross domestic product per person in Louisiana by county
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
